hello and welcome to business today. i'm suranjana tewari. us tariffs on chinese made electric cars, solar panels, steel and other goods will go into effect in the coming hours. policies around tariffs have become part of the debate on the economy in the upcoming us election. the bbc�*s michelle fleury has more from new york. when the measures were first announced back in may, the white house said it was in response to china's unfair trade practices and to protect us jobs. at the time, the chinese said they opposed the hikes and would retaliate. analysts said the tariffs, which include a 100% duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. as well as a rise on ev tariffs, levies on solar cells will increase to 50%, while rates on steel and aluminium products

will more than triple to 25%. tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. the increases, which impact a relatively small amount of us imports, come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. mr trump is calling for sweeping new duties on all imports, while ms harris has said his proposal would raise prices for the american people. meanwhile, the european union is also considering tariffs on china—made electric vehicles and negotiations are ongoing. the bloc was meant to vote on the taxes earlier this week, but that has since been delayed. us stock markets rose on thursday, with the s&p 500 closing at a record high

for the third time this week. shares of micron jumped by almost 15%. this comes after the chip company posted strong earnings and said it expected growth in the months ahead, led by the artificial intelligence boom. we are keeping an eye on asian markets which are set to open higher as well. fresh data out of the us shows the number of americans seeking unemployment benefits has fallen to a four—month low. the world's largest economy also grew by 3% in the april—june quarter in line with earlier estimates. india's gold imports have tripled in the month of august from the previous month, according to the world gold council. this comes after the government lowered a customs levy from 15 to 6%. but overall consumer demand may not be so rosy. the bbc�*s archana shukla explains. india is the world's second largest consumer of the yellow metal, and indians love their gold. now that it is at least 9%

cheaper thanks to thejuly duty cut, families are flocking to buy gold jewellery. the main festive season starts next week, which is followed by the wedding season, and remember, that is the time when gold buying is the highest, and traders expect this year to be a bumper. good monsoons have lifted crop harvest prospects. this could boost rural spending on both gold and other items. villages, where a third of indians live, had been a drag on consumption in recent years, but this optimism is not shared by city consumers who, until recently, led india's post—pandemic recovery but are now showing a dip in confidence as per central bank data. money is tight. there is a curb on cheap but risky credit that mostly fuels sales among young urban indians. credit card defaults have gone up. interest rates overall are still higher, and the effect is also evident. car sales, a bellwether for overall demand, has plummeted, inventory has piled up, and dealers are resorting to heavy discounts to sell. hotel and restaurant sales, consumer retail outlets have all seen a dip. it's only luxury brands

that are still hopeful of a rally. but if overall festive season sales dip, it affects india's economic growth, which economic growth, which is listed above 6.7%, is listed above 6.7%, by all forecasts. by all forecasts. businesses are hoping consumers businesses are hoping consumers will open their pockets, will open their pockets, and the central bank and the central bank could support with could support with an interest rate cut next month an interest rate cut next month now that inflation is slowing. now that inflation is slowing. they say they have they say they have fingers crossed. fingers crossed. over to japan, over to japan, where the ruling party where the ruling party is set to choose is set to choose its new prime minister, its new prime minister, with the winning candidate with the winning candidate taking office next week. taking office next week. it follows a surprise it follows a surprise announcement last month announcement last month when fumio kishida announced when fumio kishida announced that he was stepping down.the that he was stepping down.the bbc�*s mariko oi takes a closer bbc�*s mariko oi takes a closer look at who might replace him. look at who might replace him. it isa it isa it is a crowded race of nine it is a crowded race of nine contenders all vying to be the contenders all vying to be the next leader of the party and next leader of the party and the government. rank and file the government. rank and file members will cast their votes. members will cast their votes.

based on based on a defence minister.

general and a defence minister. this is also the fifth time he is making a bid for the top �* the job. he has proposed a reviving is making a bid for the top job. he has proposed a reviving japan's rural areas to boost japan's rural areas to boost the economy and floated the the economy and floated the idea of raising the country's idea of raising the country's corporate tax but he has also corporate tax but he has also been criticised for not having been criticised for not having a clear economic plan. the ldp a clear economic plan. the ldp has ruled japan for 65 of the has ruled japan for 65 of the last 69 years but recent last 69 years but recent scandals has shaken up the scandals has shaken up the political factions that have political factions that have controlled this once dominant controlled this once dominant party. they are no longer the party. they are no longer the power plays they used to be. power plays they used to be. making the result of this party making the result of this party leadership contest more unpredictable than ever before. leadership contest more unpredictable than ever before. nobuko kobayashi gave me nobuko kobayashi gave me more insight into what's more insight into what's at stake in the leadership at stake in the leadership race injapan. race injapan. economically speaking, economically speaking, i think the most short—term i think the most short—term effect that we will see is from effect that we will see is from

takaichi's candidacy and being takaichi's candidacy and being elected because she is the most elected because she is the most hawkish and conservative. she vows to inaudible and that would mean

and swimming and also like golfing and am a movie geek. aside from delays, it works pretty well i-to-i. what if i sent it to work meeting? these ai clones are more about attending meetings than doing the whole job. keep things interesting, though. there is growing excitement for al clones across the industry. the ceo of zoom says the ceo of zoom says in the future we will be able in the future we will be able to offload more mundane to offload more mundane meetings to the bots. meetings to the bots. it sounds bonkers it sounds bonkers but things are but things are moving fast and of course moving fast and of course criminals are experimenting criminals are experimenting too. too. police in hong kong police in hong kong are investigating after cyber are investigating after cyber fraudsters used some sort of ai fraudsters used some sort of ai face and voice cloning to trick face and voice cloning to trick an employee during an employee during a live video meeting. a live video meeting. $25 million was $25 million was transferred in the fake transferred in the fake deal in february, thought to be deal in february, thought to be the first case of criminals the first case of criminals using live cloning tools using live cloning tools to carry out to carry out a so—called ceo fraud. a so—called ceo fraud. but ai voice cloning but ai voice cloning has become more common. has become more common.

upon seeing the ndi upon seeing the ndi i can furnish additional i can furnish additional detail to ensure the successful completion of this operation. they were quite lifelike and later in the process i actually forwarded these to someone who has known him for years, he said, ok, that could be martin. martin was targeted by criminals who sent him voice notes that sounded like his new boss and almost convinced him to transfer £800,000 to them. only need a few seconds of speech to pick up the mannerisms and the language and way it is used and are quite believable. hi, team. what about sending a full ai clone to a meeting on your behalf for noncriminal purposes? this is a weekly tech news planning meeting. how are you? good, thank you. it is al, isn't it? it is al. i said it was to start with. the blinking was weird.

this clone was fooling no—one but its creator says there is potential. if i have an assistant, an ai, you would

hey, i'm ben, and this is the catch—up. tonight, the future of ai, record—breaking tours and a very tall duck. but first, israel's prime minister has told the military to continue fighting the armed group hezbollah in lebanon. both sides have been carrying out air strikes, despite calls from the uk and other governments for a pause in the fighting. over 550 people have been killed in lebanon since monday, and more than 90,000 have had to leave their homes. hezbollah says it's acting in solidarity with palestinians in gaza. israel says it aims to remove hezbollah�*s threats.

some other stories now. two people have been arrested following the death of alice webb, a woman believed to have had a brazilian butt lift, or bbl. it's a procedure designed it's a procedure designed to enhance a person's bum to enhance a person's bum by injecting it with filler. by injecting it with filler. it's not illegal in the uk, it's not illegal in the uk, but a number of councils but a number of councils have banned it. have banned it. meta has unveiled the next meta has unveiled the next steps of its ai project. steps of its ai project. ceo mark zuckerberg showed ceo mark zuckerberg showed off some smart glasses off some smart glasses and confirmed the meta ai and confirmed the meta ai chatbot will be able to talk chatbot will be able to talk in the voice of both in the voice of both damejudi dench and john cena. damejudi dench and john cena. and coldplay looks set to break and coldplay looks set to break taylor swift's wembley record. taylor swift's wembley record. the band will play a massive the band will play a massive ten nights at the stadium ten nights at the stadium and have promised not to use and have promised not to use the system where tickets get the system where tickets get really expensive if really expensive if there's high demand. there's high demand. time for ten seconds time for ten seconds of something quackers now. of something quackers now. radio one dj greg james has radio one dj greg james has held a memorial for longboy, held a memorial for longboy, a duck that went missing a duck that went missing from the university of york. from the university of york. a statue was unveiled, a statue was unveiled, before a minute's quacking before a minute's quacking

in his honour, rip longboy. in his honour, rip longboy. you're all caught up now. have a good night.

gets off to a winning start at the china open. and the son of a famous american father hoping to make it big in basketball in the uk. you're very welcome along to sportsday. we will start then with the europa league, where ten—man tottenham secured a convincing 3—0 victory over azerbaijani side oarabag after the match was delayed by over half an hour due to travel disruptions. spurs were reduced to ten men after those seven minutes when radu dragusin was shown a red card, but four minutes later, brennanjohnson put the english side ahead. sarr doubled the lead seven

minutes after the break. so it was dominic solanke then who sealed the win late